The Zhitong Finance App learned that Changshi Group (01113) fell by more than 3%. As of press release, it was down 3.31% to HK$30.60, with a turnover of HK$95.5053 million.
According to the news, recently, according to JD Auction, 40% of Shanghai Changrun Jianghe Real Estate Development Co., Ltd. (hereinafter referred to as “Changrun Jianghe”) was first auctioned on July 9. The starting price was about 5.349 billion yuan. 2 people signed up, but the auction ended up going viral because no one bid.
According to public information, Changrun Jianghe was founded in October 2007. It is a project company established by Changshi Group and Helun Group to develop the “High and Shang Field” of the Zhenru City Sub-Center Project in Putuo, Shanghai. The two hold 60% and 40% shares respectively. Due to the bankruptcy and liquidation of Shanghai Changrun Real Estate Development Co., Ltd. (hereinafter referred to as “Shanghai Changrun”) and Shanghai Jianghe Real Estate Development Co., Ltd. (hereinafter referred to as “Shanghai Jianghe”), a subsidiary of Helun Group, 40% of their shares in Changrun Jianghe were disposed of by creditor Zhongrong International Trust Co., Ltd.
Furthermore, on July 11, the “Li Ka-shing Family 50% off house sale” hit the headlines. The incident indicated that the Haiyi Palace project of the Li Ka-shing family's Changshi Group in Dongguan launched some preferential group purchase units during the liquidation phase. According to sales staff, the discounted properties are all on the Tiandi floor or have a smaller floor. Prices range from 0.013 million yuan to 0.015 million yuan per square meter. Previously, the average sales price for this project was about 0.023 million yuan to 0.024 million yuan.